Income Tax Dept warns public against cash dealings of Rs 2 lakh or more saying that the receiver of the amount will have to cough up an equal amount as penalty.

Declaration for Non-Filing of a statement has been enabled on TRACES

 A new facility(option) has been opened at TDS CPC on traces in respect of Nil Returns . The deductor after logging into his account simply has to declare/update the record  regarding Nil return in a particular quarter , in turn the deductor will be free from the notices which otherwise are being sent for non filing of TDS return  for that quarter. It is going to be big sigh of relief for the deductors, saving of paper, cost and valuable man power .Further more TDS CPC will also be acquainted with the information about the deuctor otherwise earlier TDS CPC has no option but to send the notices for non filing of Returns. Follow the below mentioned procedure to avail this facility. Log in to the  TDS CPC. You will find the below mentioned screen





Enter the deductor particulars. The following screen will appear . Go to statements> declaration for non filing of statement will appear




Opt for the year then quarter and form type and then choose the reason as appearing in drop menu


There are no. of reasons as appearing in the screen below.

Click to the button add statement details 

The following screen will appear, containing the details of year , quarter , form type as filled earlier, if found correct the click the proceed button as appearing in the screen

The following screen  containing the declaration will appear , you will have to select all the i agree to click

Again a verification window will pop up, you will have to click the proceed button 

then the following successful message will appear that means you have rightly filled the details.


In case you later on found that this option has been wrongly selected by you, but the TDS return was supposed to be filed , then you will have to change the filing status by again going through the process by entering the statement/ Payment option>declaration for non filing of statement  and change the filing status , otherwise your return for that quarter if filed will be rejected.


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